A formal planning step that focuses on the entire venture and describes all the elements involved in starting it is known as a(n)
A)business plan.
B)control system.
C)opportunity analysis.
D)IPO.
E)organization chart.

Question

Quizplus · Accepted Answer

A business plan is a comprehensive document that outlines all the necessary elements involved in starting and running a business. It includes the company's mission statement, market analysis, financial projections, and marketing plan, among other things. A business plan is a systematic way to evaluate an opportunity and develop a strategy to achieve the desired results.

A Formal Planning Step That Focuses on the Entire Venture